Thanks for all of the replies thus far. Interesting point about LMR and its restriction to 3 levels. On 809m2, would this allow something like 12 units?

@Nigel – “Once you know you could get a permit for the site a developer will certainly pay you a premium for that”
Hmm, the RE agent is talking like SHE already knows they CAN get a…[Read more]

Wow this thread is really growing! A little off topic now but keep it up guys.

@Nigel Kibel – I totally agree that when you a putting down hundreds of thousands of dollars that due dilligence is very important and there are many people who just think its a good idea to invest so they go out and buy an "investment property"
@The Dark Knight -…[Read more]

Thanks everyone for all your comments.

@jmsrachel – I’m living in the Bayside area and looking to spend around 250k – 300k on my first purchase.

@Nigel – I’ll definitely take you up on your offer and get in touch with yourself. Will shoot you through an email over the next few days.

Will have a look at Steve’s program too, always handy to know…[Read more]

@High Income
I am with you, I did share a laugh about the 8 mile comment. If someone looks to movies for investment decisions please let me know, I would be interested to hear your success rate!

@Nigel
Looks like we agree to disagree. It seems like you are not overly familiar with Michigan, which is understandable, no one can be an expert in…[Read more]

@Nigel

Sounds like you are not big on Detroit at all

There are a lot of areas of the USA that are great for investing – depending on the investor. Some areas are poised for quicker capital gains than Detroit – but at a higher price point of course. So when you say other areas of the US are “far better” what are you referring to? What area…[Read more]